¶ … Heckscher-Ohlin explain China's Trade?
Introductory Paragraph
The Heckscher-Ohlin Theorem, essentially, states that a capital-abundant country will export capital-intensive goods, whilst a labor-abundant country will export labor-intensive goods. The following essay suggests that contemporary USA and China follow the pattern of the Heckscher-Ohlin Theorem where America, low in unskilled human labor but high in capital and agriculture, exports those goods in quantity, whereas China, low in capital but rich in unskilled human labor, exports those resources. Focusing on China, the essay traces China's current economic policies and patterns of trade in order to establish whether China's pattern of trade is consistent with the predictions of Heckscher-Ohlin.
Statement of the Problem
The Heckscher-Ohlin Theorem states that a capital-abundant country will export capital-intensive goods, whilst a labor-abundant...
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